This has affected the customers who have to pay more for their desired two-wheelers. However, there is some relief for those who want to buy the Honda CG 125, one of the most popular models in the market.
Honda CG 125 is known for its powerful engine, good build quality, and high resale value. It is a preferred choice for many people who use it as a daily ride. Despite the price hike, the demand for Honda CG 125 has not declined, thanks to the easy installment plans offered by Honda in collaboration with commercial banks.
People can buy Honda CG 125 on zero markup installments for up to six months from Bank Alfalah and MCB. These banks have partnered with Honda to provide convenient and affordable financing options for bike lovers. All they need to do is to visit any authorized Honda dealer or bank branch and apply for the installment plan.
The installment plans vary depending on the down payment, tenure, and markup rate. For example, if someone pays Rs 50,000 as a down payment and opts for a six-month zero markup plan, they will have to pay Rs 16,667 per month. The total cost of the bike will be Rs 150,000, which is the same as the current market price.
However, if someone chooses a longer tenure or a higher markup rate, they will have to pay more than the market price. For instance, if someone pays Rs 30,000 as a down payment and opts for a 12-month plan with a 15% markup, they will have to pay Rs 12,750 per month. The total cost of the bike will be Rs 183,000, which is Rs 33,000 more than the market price.
Therefore, people who want to buy Honda CG 125 in easy installments should compare different plans and choose the one that suits their budget and needs. They should also check the eligibility criteria and documents required by the banks before applying for the installment plan. By doing so, they can enjoy riding their dream bike without breaking the bank.